Salesforce, Inc. reported its financial results for the first quarter of fiscal 2026, ending April 30, 2025, revealing a total revenue of $9.8 billion, an increase of 8% compared to $9.1 billion in the same period last year. The company's net income for the quarter was $1.5 billion, or $1.59 per diluted share, reflecting a slight increase from $1.56 per diluted share in the prior year. The operating income also rose to $1.9 billion, resulting in an operating margin of approximately 20%, up from 19% in the previous year.
The company experienced notable changes in its balance sheet, with total assets decreasing to $98.6 billion from $102.9 billion at the end of January 2025. Current liabilities also saw a reduction, dropping to $24.2 billion from $28 billion. Salesforce's cash and cash equivalents increased to $10.9 billion, up from $8.8 billion, while marketable securities rose to $6.5 billion from $5.2 billion. The company reported a remaining performance obligation of approximately $60.9 billion, a 13% increase year-over-year, indicating strong future revenue potential.
Strategically, Salesforce introduced Agentforce, a new AI-driven platform that allows companies to build and deploy AI agents across various business functions. This product launch is part of the company's ongoing investment in generative AI technologies. Additionally, Salesforce announced plans to acquire Informatica Inc. for approximately $8 billion, which is expected to close in early fiscal 2027, pending regulatory approvals. The acquisition aims to enhance Salesforce's capabilities in AI-powered enterprise cloud data management.
Operationally, Salesforce reported a customer base of approximately 956 million shares outstanding as of May 22, 2025. The company has also been actively repurchasing shares, buying back about 10 million shares for approximately $2.7 billion during the quarter. The company continues to focus on reducing operating expenses through restructuring initiatives, which included workforce reductions and office space optimization, with restructuring charges amounting to $36 million in the quarter.
Looking ahead, Salesforce anticipates continued growth driven by its expanding product offerings and customer base. However, the company acknowledged potential risks related to economic conditions, including geopolitical tensions and market volatility, which could impact future performance. The management remains committed to enhancing operational efficiencies and maintaining a strong financial position to navigate these challenges.
About Salesforce, Inc.
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